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Beema’s profit surges by 23% in 3Q

Beema’s profit surges by 23% in 3Q

DOHA: Damaan Islamic Insurance Company (Beema) announced its results for the third quarter of 2015 after their Board of Directors meeting on the September 25, chaired by Sheikh Jassim bin Hamad bin Jassim bin Jabor Al Thani, Chairman of the company.

The Chairman said in his address that Beema achieved a total profit for both shareholder and policy holders an amount of (QR66m) as a gross contribution of QR249m in the third quarter of the current year 2015; an increase of (23 percent) achieved in the same period of 2014, and surplus from insurance operations of QR25m accomplished, whilst there was a 11 percent increase, from 2014, in shareholders profit amounting in QR41m, thanks to the outstanding performance and the diversity of products and quick access to the company’s customers wherever they may be.

He pointed out that the outstanding results achieved by Beema, confirms its ability to achieve the best results in the face of competition within the Qatari insurance market, despite it being a newcomer, Beema has proven itself to be a worthy contender in the insurance field.

Nasser Al Misnad, CEO, said Beema’s growth and achievements is the direct outcome of Beema’s primary goal of reaching customers by providing a comprehensive range of innovative products, services and delivering quality services. “Thus, we are constantly developing new customer service initiatives to make our customers’ lives easier, such as our doorstep service whereby customers are able to renew or buy their comprehensive motor insurance for their cars over the phone, from the comfort of their office or their home.”